Genetic Therapy Inc.
Genetic Therapy Inc. reported yesterday that its net loss widened to $2 million, or 22 cents a share, for the third quarter ended Sept. 30, compared with a loss of $1.3 million, or 19 cents a share, for the same period a year ago.
The company, which has $36.4 million in cash and marketable securities from a secondary public offering earlier this year, attributed the loss to its continued investment in research and development. The company does not currently have products on the market. A large increase in revenues came from investment income.
Three months ended 9/30
.. .............Revenue............ Net............... Share
92............ $369,496........ (2,032,700)........ (0.22)
91............ $133,373.........(1,270,347)........ (0.19)
% change.........+177.0................. NA.............. NA
Nine months ended 9/30
..............Revenue................ Net.............. Share
92......... 1,201,436...............(5,421,765)..... (0.60)
91............256,352............. (3,451,469)..... (0.57)
% change........+368.7...................... NA........... NA
EA Engineering, Science and Technology Inc.
This Hunt Valley-based engineering services company credits number of cost-cutting and cash-flow-enhancing measures taken earlier in the year for a profitable fourth quarter. The profits came despite a slight dip in revenues during the period and came in contrast to a loss in the same period last year.
The improved fourth quarter was not sufficient to offset earlier losses, however, leaving the company with a loss for the year. Edward V. Lower, president and chief operating officer, cited slower sales because of the national recession, which led to increased competition.
Three months ended 8/31
.. . ....... .Revenue.. ........... Net.................. Share
92.. .........12,108,000...........47,000.............. 00.02
91...........11,918,000..........(567,000)..............(0.23)
% change............+1.6................NA................. .NA
Twelve months ended 8/31
.. ..............Revenue............ Net................. Share
92..............45,410,000........(1,876,000).........(0.76)
91..............45,817,000.........(300,000)...........(0.12)
% change.. .............0.9............ ..NA................NA
MicroProse Inc.
This Hunt Valley-based entertainment software company reported record revenues for the fiscal quarter ended Sept. 30. At the same time, income increased 46.6 percent, to $1.2 million.
MicroProse released several new programs during the quarter. The company also completed acquisition of Paragon Software Corp., an entertainment software developer based in Greensburg, Pa.
The acquisition, MicroProse said, will strengthen the company's development efforts and provide additional products for worldwide distribution.
Three months ended 9/30
...............Revenue.............. Net.. ............ Share
92............13,600,000...........1,189,000.......... 0.18
91............9,204,000............ 811,000.......... 0.16
% change.......... +47.7............... +46.6.......... +12.5
Six months ended 9/30
................Revenue.............. Net...... ........ Share
92..............19,845,000...........(123,000).........(0.02)
91............ 15,855,000.......... 902,000........... 0.18
% change............ +25.1................ NA.............. NA
Survival Technology Inc.
This Rockville-based technology health care company, which designs and makes automatic injectors, prefilled syringes and medical electronics, posted a 26 percent gain in fourth-quarter profits.
The company said operating results included extraordinary items $36,600, or 1 cent a share, in fiscal 1992, and $1.16 million, or 39 cents a share, in fiscal 1991, stemming from tax loss carry-forwards. These adjustments totaled $206,300, 7 cents a share, in the 1991's fourth quarter.
Sales of military auto-injector products fell $19.4 million, or 76 percent, from fiscal 1991.
Three months ended 8/31
.. .... . .......Revenue............... Net............. Share
92..............11,200,000........... 583,100..........00.19
91..............10,800,000............462,800...........00.15
% change...............+3.7...............+25.9..........+26.7
Year ended 8/31
. .............. ..Revenue.. ......... Net.. ............ Share
92................40,900,000..........1,700,000........00.56
91................46,700,000..........3,000,000........00.99
% change 12.4 43.3 43.4